EUR/USD: bearish impulse in wave (i)

EUR/USD: bearish impulse in wave (i)


The price is consolidating between the levels +1/8 & 8/8. If the pair fixates under 8/8 MM Level, there'll be an opportunity to have bearish wave [a]. In this case, we should keep an eye on 5/8 MM Level as an intraday target.


It's likely that there's a bearish impulse in wave (i). However, wave (ii) is a quite big, so this wave count will be unconfirmed until a downward impulse in the direction of wave (iii) arrives.




Morning brief for June 2

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